Amiri S3 Shariah Stock Screening
Amiri S3 is Amiri Capital's Shariah Screening System, the definitive Shariah-compliant stock screening system for Islamic investors worldwide. Amiri S3 is also tailored to enable the creation of a set of Shariah Inclined outputs, screening stocks for “no sin” business activities such as pork, gambling, alcohol etc
Amiri S3 is the first such system to have been issued a Fatwa on its own right.
Amiri S3 is an easy-to-use tool that allows fund managers to rapidly ascertain whether a particular stock can be invested in from a list of over 40,000 global stocks.
To effect this Amiri S3 analyzes each company and categorises it as either "Shariah Compliant" or "Shariah Non-Compliant" in a two stages process:
Financial Ratios Test
Check that the company is not financing its operations using excessive debt. The guiding principles of these ratios are the avoidance of Riba and ensuring that the company is tradable.
Business Activity Screening
Checks that company core activities are compliant to ensure no conventional financial services, gambling, alcoholic beverages etc.
Amiri Capital has developed the Amiri S3 system to be the market standard.
For more information regarding Amiri S3 see www.amiris3.com
